CADCHF SHORT OPPORTUNITY
The risk here is that the CAD has been showing some strength across the board, however there is a solid break of the ascending channel which appears to be a complex pullback after an important rejection of a key area from HTFs.
Price is likely to create a new low before doing anything else, however before doing that, we could see price to capture some liquidity by breaking current intraday equal highs. Will see how it develops
Price is likely to create a new low before doing anything else, however before doing that, we could see price to capture some liquidity by breaking current intraday equal highs. Will see how it develops
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.